28.11.2011 - Why a gold standard is still a bad idea
I have always stood firmly against a gold standard, but I remain a long-term commodity bull (yes that includes gold). I believe that while individuals should hold some precious metals or precious metal linked investments in their portfolios as a hedge against asset inflation, a gold standard introduces too many unnecessary rigidities in the system which creates economic volatility. I came out against a gold standard back in December 2008, and I stand by my previous comments. There are numerous problems with a gold standard, which is another form of fixed exchange rate regime.............................................Full Article: Source
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